Corient Private Wealth LLC Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Corient Private Wealth LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,118 shares of the business services provider’s stock after selling 64 shares during the period. Corient Private Wealth LLC’s holdings in FactSet Research Systems were worth $1,978,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDS. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares in the last quarter. Continuum Advisory LLC grew its stake in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after buying an additional 156 shares during the period. Smartleaf Asset Management LLC increased its position in shares of FactSet Research Systems by 19.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after acquiring an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems in the 4th quarter valued at $102,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FDS. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday. UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley decreased their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $450.00 to $402.00 in a research report on Friday. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $436.27.

FactSet Research Systems Trading Down 0.1 %

NYSE FDS opened at $432.44 on Tuesday. The company’s fifty day moving average price is $455.05 and its two-hundred day moving average price is $464.73. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the firm earned $4.22 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.